Pisd
2 weeks ago
Archer Surpasses 400 Test Flights This Year, Achieving Company Milestone Four Months Ahead Of Schedule
September 03 2024 - 9:00AM
Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903108793/en/
Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. (Photo: Business Wire)
Today Archer Aviation announced that it has completed 402 test flights so far this year, surpassing the 400 test flight goal it set for 2024 approximately four months ahead of schedule. (Photo: Business Wire)
The 400 plus flights were conducted over the last eight months as the company ramps flight test operations in advance of for-credit flight testing with the FAA.
Adam Goldstein, CEO and founder of Archer said, “When we first set our goal for 400 flights this year it was viewed as aggressive, but here we are in August already knocking it out. I’m proud of the Archer flight test team and the supporting groups that made it happen.”
Each flight produces critical data that Archer’s teams use to evaluate and refine aircraft loads, vibrations, performance and handling qualities.
Most recently, the Archer flight test team has focused on five key testing areas:
Transition Flights: Continuing to conduct longer-distance and higher-speed transition flights to gather data, extend endurance and ensure maximum safety.
High-Rate Operations: Increasing per-day flights to simulate the high cadence of Archer’s anticipated commercial operations and test Midnight’s durability.
Advancing Landing Profiles: Completing a series of hover landings in various wind conditions with different rates of descent and flare heights to expand Midnight’s wind envelope and further optimize its landing profile.
Enhancing Acoustic Measurement: Conducting a series of hover operations with various microphone arrays to collect supplemental data for the FAA and to further evaluate and tune Midnight’s noise signature.
Optimizing Control Laws: Regressing through the envelope with a series of optimizations made to the control laws which will extend Midnight’s endurance.
This announcement follows Archer’s planned network in Los Angeles and its recently announced developments with Southwest Airlines and United Airlines. It also follows major milestones, such as certification to begin operating as a commercial airline and the recent delivery of Archer’s first aircraft to the United States Air Force.
About Archer
Archer is a leader in the electrification of aviation. We are designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Our goal is for our proprietary technology to deliver unprecedented connectivity to the people and places across the most congested cities in the world. To learn more, visit www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding Archer’s future business plans and goals. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Source: Archer
blackcat
1 month ago
Meanwhile their business plan keeps ticking along.
Archer Delivers First Midnight Aircraft To The United States Air Force
"This delivery represents a pivotal moment not only for Archer but for the future of military aviation," said Adam Goldstein, CEO of Archer Aviation. "Together, our goal is to prove Midnight’s potential and ensure the United States continues to lead the way with the world’s most advanced technology."
"Archer's Midnight aircraft has the potential to significantly enhance our operational capabilities," said Col. Elliott Leigh, AFWERX Director and Chief Commercialization Officer for the Department of the Air Force. "We look forward to continuing our work with our industry partners as we explore the ways that this advanced aircraft can contribute to the mission."
NMBR1
1 month ago
August 13, 2024 at 05:17 pm EDT
Archer Aviation Unveils Secondary Sale of 49 Million Shares
(MT Newswires) -- Archer Aviation (ACHR) disclosed a secondary sale late Tuesday of up to roughly 49.3 million shares of its class A common stock.
The company said the selling shareholders may offer, sell, or distribute the shares at varying prices.
The company will not receive any of the proceeds from the sale.
Company shares were down 1% in after-hours activity.
Price: 3.5600, Change: -0.04, Percent Change: -1.11
https://www.marketscreener.com/quote/stock/ARCHER-AVIATION-INC-114338426/news/Archer-Aviation-Unveils-Secondary-Sale-of-49-Million-Shares-47641072/
blackcat
1 month ago
Future Flight Global Announces Planned Purchase of up to 116 Archer Midnight Aircraft Worth up to $580M
August 13, 2024
Archer and Future Flight Global have signed a memorandum of understanding (MOU) for the planned purchase of up to 116 Midnight Aircraft worth up to $580M
Along with this MOU, Future Flight Global made an initial deposit, and the MOU sets out nearly $5M in pre-delivery payments to be paid upon the completion of the parties’ definitive aircraft purchase agreement
Future Flight Global was founded by members of the leadership team at Titan Aviation which has been operating business jets worldwide for over two decades
This aircraft purchase is planned to support the companies’ joint launch of electric vertical take-off and landing aircraft operations in key global markets
Archer’s indicative order book increases to nearly $6B *
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. and Future Flight Global (FFG) today announced an agreement focused on the deployment of electric vertical take off and landing aircraft (eVTOL) services across top global markets.
Archer and Future Flight Global have signed a memorandum of understanding (MOU) for the planned purchase of up to 116 Midnight Aircraft worth up to $580M
The agreement includes the planned purchase by FFG of up to 116 of Archer’s Midnight aircraft, worth up to $580M. This brings Archer’s indicative order book to $6B.* The two companies are now working to formalize definitive agreements covering the intended aircraft purchases and strategic operating alliance, with nearly $5M in pre-delivery payments planned upon their completion.
Midnight , Archer’s electric vertical take off and landing aircraft, is designed to offer passengers a sustainable, low-noise and safe alternative to ground transportation. Archer’s goal is to transform urban travel, replacing 60–90 minute commutes by car in traffic with estimated 10–20 minute electric air taxi flights.
FFG, which has been under development for the past three years, is founded by members of the leadership team at Titan Aviation, including former CEO Karan Singh. Titan Aviation has been operating business jets under multiple air operator certificates worldwide for over two decades with deep experience catering to the world’s top executive travelers. FFG and Titan have a joint venture that will deploy and operate advanced air mobility assets globally.
Together, Archer and FFG plan to launch air taxi services in some of the largest markets globally, including Southeast Asia, Europe and the Middle East.
First, FFG will operate select routes within Archer’s planned air taxi service, leveraging Archer’s existing vertiport infrastructure network with partners such as Signature and Atlantic Aviation , and will collaborate with new vertiport partners to provide service in other high-demand locations.
Second, FFG will also seek to deploy Midnight to provide on-demand transit to their most high value clients——inclusive of corporations, hotels, governments and high net worth individuals.
To support these plans, Archer and FFG will work together on ecosystem development, infrastructure, regulatory engagement and demand generation.
“The aviation industry is on the cusp of its most exciting revolution in decades,” said Karan Singh, CEO and Founder of FFG. “We’re partnering with Archer to provide tailored, flexible aviation services to our top clients in some of the world’s most exciting destinations. Midnight’s versatility makes it well-suited to diverse routes and mission profiles, while also providing a world-class experience and operational efficiency that's attractive to our corporate clients.”
“This new agreement both grows our prospective order book to nearly $6B, and opens up Archer’s global reach to premium international markets,” said Andrew Cummins, Director of Business Development at Archer. “As our first private aviation partner, and with their deep ties in aviation and bold approach, FFG is positioned to be a new leader in modern aviation. Partnering with Karan and the team at FFG was an obvious choice and an ideal relationship for Archer.”
*Orders under the order book remain conditional, subject to the execution of further definitive agreements with each customer and the satisfaction of certain conditions. Order values represent the Company’s estimate based on an indicative $5M per aircraft price. This is only a prediction and actual results may differ materially due to a variety of factors.
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